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Monrow Shoes, USEReady, HappyLocate, SustVest raise early-stage deals & more

Footwear startup Monrow Shoes and Accessories raises an additional $1M led by LC Nueva, 9Unicorns, others

Women’s footwear brand Monrow Shoes and Accessories announced that it has secured an additional $1 million.

This year, the company saw interest from investors including LC Nueva Investment Partners, along with existing investors such as 9Unicorns, LetsVenture, and Vcats. Apart from that, Playbook Fund has also invested in the brand for the first time.

In the month of March 2021, the brand also raised $1 million in funding.

As per the official statement, it will be utilising freshly infused funds to increase its market presence, expand its product portfolio, build the Monrow community, and strengthen its commitment to offering a world-class experience for customers through its innovative shoes and accessories.

Veena Ashiya, Founder and CEO, of Monrow Shoes and Accessories, said,

“Passion certainly pays off; through Monrow Shoes and Accessories, we want to show the world that if one is passionate about what they want to achieve, success and monetary returns will follow. We already have a strong product market fit, with our products being rated 4.3 out of 5, so we will use the funding for awareness generation. We envision the growth to be more than 3X in the coming year.”

USEReady receives growth capital from Boston-based PE firm Abry Partners

USEReady, a New York-headquartered strategic data and analytics partner, has received an undisclosed amount of growth capital from Boston-based private equity firm Abry Partners to double down on its investments and focus in the Indian market.

As per the startup, it plans to invest part of the funding to innovation and develop more IPs. A major part of the funds would be used to scale up its Indian operations by 5X.

The company is looking to hire 1,000 data analytics and engineers in India this year. Currently, the firm’s total headcount stands at 400 across six offices globally.

Latest Collection of Women Footwear | Fashion ❣️ Comfort - Monrow – Monrow  Shoes

“With practices built around visual analytics, cloud data, AI/ML and engineering services, USEReady is a perfect partner to every modern CDO (Chief Data Officer). We have grown by over 55 percent in our order book and we felt the timing is right to bring on a reputed institutional partner, who understands scale. With this capital round, we plan to accelerate our expansion plans globally with a major focus in India,” said Uday Hegde, CEO at USEReady.

Monrow Shoes seems to be an interesting startup with spurring new development on retail apparel and fashion platform. I’m certain this startup would keep on flourishing in its excursion ahead. My best wishes to the entire team of Monrow Shoes. This will give them tremendous achievements in the future.

Shishir Gupta, Founder and CEO, StartupLanes

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